General News
Class 8 Truck Orders Jump 201% in April
Mack's Jonathan Randall noted that improving freight rates, tightening capacity and recovering freight demand continue to support order strength.
Dedicated Fleets’ Push to Natural Gas Engines Speeding Up
Dedicated routes, as well as intermodal or drayage operations, are ideal for natural gas powertrains, panelists at ACT Expo said.
US to Unveil New Data Spotlighting Hormuz, Global Reserves
The Energy Information Administration’s new report will be published quarterly, beginning May 13, with energy security datasets.
Trump Team Pauses Effort to Lower Tariffs on Beef Imports
The administration is now fine-tuning potential directives aimed at alleviating temporary shortages in the domestic beef market, a White House official said.
Mexican Truckers Lose Visas in Cabotage Crackdown
Two Mexican truckers recently had their visas yanked for cabotage as U.S. border agents reportedly intensified a crackdown.
Shipowner Charged in Baltimore Bridge Collapse
Federal prosecutors accused the Singapore-based operator of the Dali and a key employee of making decisions that led to the ship crashing into the span and killing six people.
Oil Prices Climb on Pessimism Over Quick End to Iran War
Brent crude, the international standard, climbed 3.4% to $107.72 a barrel.
Consumer Price Index Rises 3.8% on Energy Costs
Heather Long, chief economist at Navy Federal Credit Union, wrote, “For the first time in three years, inflation is eating up all wage gains."
BMO to Sell Truck Financing Businesses to Stonepeak
Stonepeak will buy the businesses with a cash consideration, which wasn’t disclosed, and an earnout that’s contingent on certain targets.
Gauges of Supply Chain Stress Head Higher
Some gauges are at their highest since the 2020-23 period, when economies locked down because of COVID, shortages emerged and shipping snarls persisted.
Amazon Rolls Out 30-Minute Delivery to Some Cities
Amazon Now, first launched in India last June, is now available in urban areas of Brazil, Mexico, Japan, the United Arab Emirates, the U.K. and the U.S.
Perspective: Payment Dispute or Fraud?
Late or missing payments aren’t new, but what looks like a routine billing delay can signal something more serious, writes Super Dispatch's Rukhsora Rakhmatova.
FAA Ends MD-11 Grounding After Boeing Review
“After extensive review, the FAA approved Boeing’s protocol for safely returning MD-11 airplanes to service,” the agency said May 11 in a statement.
Texas Probes Trucking Schools Over CDL Training, ELP
Texas is investigating five trucking schools for “endangering” state residents by illegally training commercial vehicle drivers.
Trump Seeks Pause of Ruling Blocking 10% Global Tariffs
The Trump administration asked the U.S. trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals.
Trump to Sign Orders Aimed at Lowering Beef Prices
The move would suspend the annual tariff-rate quota, which would enable more of the product to enter the U.S. at low rates.
GM to Cut Hundreds of IT Workers
The cuts come as the automaker works to grow profits even as U.S. sales stagnated to start the year.
Kentucky Gov. Beshear to Cut Fuel Taxes by 10 Cents
To alleviate higher fuel prices, Kentucky Gov. Andy Beshear activated price-gouging laws, stopped a planned fuel-tax hike and reduced diesel and gas taxes.
Trump Floats Temporary Gas Tax Suspension as Prices Soar
The average national price for regular gasoline has surged since the U.S. and Israel attacked Iran in February, reaching $4.52 a gallon as of May 10.
US Navy Costs for Hormuz Missions Rise With Strait Blocked
The total for repeatedly escorting commercial shipping in and out of the Gulf would add billions to the price of the conflict.